These stocks witness a huge volume burst in the last leg of the trading session !
Mahindra CIE, IndiaMart Intermesh, and Hitachi Energy India have witnessed a volume burst in the last 75 minutes of the trade.
As the saying goes, the first, as well as the last hour of each trading session, is the most important and active in terms of price & volume.
More so, the activity in the last hour is said to be of utmost importance because most of the pro-traders and institutions are active at this time. Hence, when a stock sees a good spike in volume in the last leg of the trade along with price rise, it is considered a pro, and institutions have a keen interest in the stock. Market participants should keep a close watch on these stocks as they can witness good momentum in the short to medium-term.
So, based on this principle, we have shortlisted three stocks that have witnessed volume burst in the last leg of the trade along with price rise.
Mahindra CIE: The stock surged about 7% on Friday. Despite being volatile in the initial hours, it gained momentum at the higher end and surged about 2.5% in the last 75 minutes. Moreover, about 50% of the day’s volume was recording during this period. With positivity emerging towards the end, the stock is likely to be treated with positive bias in upcoming days.
IndiaMart Intermesh: The stock skyrocketed over 8.16% in Friday’s trading session. It was firmly gripped by the bulls as it traded higher throughout the day. In the last hour, the stock gained another 1% and recorded a huge volume. The volumes have been above average lately and indicate active institutional participation. Thus, the stock shall be on the trader’s radar for a few more days.
Hitachi Energy India (Power India): The stock soared about 3.77% at the end of the day. It traded positively throughout the day and was volatile towards the end. The volumes recorded in the last 75 minutes were attributed to over 50% of the total day’s volume. Moreover, the stock has closed above its short term resistance and is expected to do well in near future.
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